Nanda Optoelectronics estimates that net profit for 2012 will decrease by nearly 50% during the same period
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Nanda Optoelectronics said that in 2011, the demand for MO source market increased, supply and demand shortage, and the price of trimethylgallium, one of the main products, continued to operate at a high level, pushing up the full year 2011 net profit. During the reporting period, demand growth in the MO source market slowed down, market supply increased, and product sales price fell back, resulting in a significant decline in 2012 annual results compared to the same period last year.
According to the company, this performance forecast is the result of preliminary calculations by the financial department of the company and has not been audited by the auditing organization.